Skydeck Acquisition Corp. (SKYAU) Prices Downsized $200M IPO


Skydeck Acquisition Corp. (SKYAU) Prices Downsized $200M IPO

May 19, 2021 IPOs by Marlena Haddad

Skydeck Acquisition Corp. announced the pricing of its downsized $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SKYAU” Wednesday, May 19.

The new SPAC aims to combine with a  media, technology, communications or digital health company that has adopted a shift to digital services and has a large addressable market. Skydeck is led by Chairman Paul J. Salem, CEO Martin J. Mannion, and CFO Christopher S. Satti.

Total SPAC deal count for 2021 year-to-date is now 324. This offering is expected to close on Friday, May 21.

J.P. Morgan and Morgan Stanley are acting as the book-running managers of the offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Davis Polk & Wardwell LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.